TBC Bank Group Regulatory News (TBCG)

Share Repurchase Programme

TBC Bank Group PLC ("TBC PLC") announces that from today until 30 September 2019 it will commence a programme to purchase ordinary shares ("Ordinary Shares"), of up to £20 million (the "Programme"). The maximum aggregate number of Ordinary Shares that may be purchased under the Programme is 1,800,000 (under both the first and second parts as described below). The Programme will be effected in accordance with the terms of the authority granted by shareholders at the AGM held on 24 June 2019. It is currently intended that any Ordinary Shares purchased will be held in treasury. The purpose of the Programme would, in respect of the first 470,000 Ordinary Shares, be to allow TBC PLC to meet obligations arising from share option programmes and other allocations of shares to employees. Any repurchases beyond that amount would be for the purposes of reducing the capital. TBC PLC believes that the current share price undervalues the group and therefore presents an opportunity to create economic value by repurchasing Ordinary Shares. In particular, the acquisition of up to the first 470,000 would allow TBC PLC to acquire a pool of Ordinary Shares which are otherwise expected to need to be issued at a time when the prevailing share price may be higher.

The Company has entered into an agreement with Renaissance Securities (Cyprus) Limited ("RenCap") to conduct the Programme, which will be implemented in two stages.

The first part of the Programme, will commence today and end not later than close of dealings on 14 August 2019 (the day before the announcement of the TBC PLC's final half-year results). This part of the Programme, during which no more than 470,000 Ordinary Shares will be purchased, will be conducted by RenCap under irrevocable instructions to make trading decisions independently of TBC PLC.

After this date, under the second part of the Programme, which is limited to 1,800,000 Ordinary Shares (less the number purchased under the first part), trading decisions may be undertaken by RenCap (and/or any other broker appointed by TBC PLC) in accordance with the directions of TBC PLC.

Any buy-back of the Ordinary Shares pursuant to the Programme will be effected in accordance with Chapter 12 of the UKLA Listing Rules, and the EU Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. The market will be notified in accordance with those rules if and when purchases are made.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation which came into effect on 3 July 2016.

For further enquiries, please contact:

Director of International Media and Investor Relations

Zoltan Szalai

Or

Head of Investor Relations

Anna Romelashvili

ir@tbcbank.com.ge

About TBC Bank Group PLC ("TBC PLC")

TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of FTSE 250 Index.

TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 38.5% of loans and 41.0% of non-banking deposits as at 30 June 2019, according to data published by the National Bank of Georgia.